Dubai to prepare new finance plan

12 April 2010

Dubai has formed a team to create a finance plan to boost revenue and reduce spending as it seeks funding to bail out its Dubai World holding company, Bloomberg has reported. The team, which will be led by Jamal Hamed al-Marri, director of central accounts at the Department of Finance, will develop a plan for the period 2011 to 2014. The plan will be submitted to Sheikh Ahmed Bin Saeed Al Maktoum, chairman of the Dubai Supreme Fiscal Committee.

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